A punitive duty on South Korean steel products coming into the USA is likely to come into force soon as the American steel industry voices concern over unfairly low prices for seamless rolled products, such as drill pipe, casing and tubing.

The US imports up to 98.5% of its seamless rolled products and now the US steel industry wants anti-dumping duty of up to 150% on South Korean products.

Last year 780kt of South Korean seamless rolled goods – worth US$830 million – were exported to the US.

The US International Trade Commission has approved trade investigations into grain-oriented electrical steel products exported from seven countries, including South Korea. Last year, the South Koreans exported US$11.1 million worth of grain-oriented steel products.

Source: www.globalpost.com